You searched for: “absolute advantages
absolute advantage (s), absolute advantages (pl) (noun forms)
In economics, the ability of a country, individual, company, or region to produce more of a good or service with the same amount of resources, or the same amount of a good or service with fewer resources, than the cost at which any other comparable entity produces that good or service.
This entry is located in the following unit: solv-, -solu-, solut-, -sol, -soluble, -solubility, -solvent (page 1)